Sylvan Lake, AB T4S1G6,4738 50 ST
Sylvan Lake, AB T4S1G6,4738 50 ST
Sylvan Lake, AB T4S1G6,4738 50 ST
Sylvan Lake, AB T4S1G6,4738 50 ST
Sylvan Lake, AB T4S1G6,4738 50 ST
Sylvan Lake, AB T4S1G6,4738 50 ST
See all 29 photos

$225,000

$239,900

6.2%
Est.Price: ?

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Est. payment /mo

1 Bed

1 Bath

490 SqFt


SOLD DATE : 05/10/2024

Key Details

Sold Price $225,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 490 sqft

Price per Sqft $459

Subdivision Downtown

MLS® Listing ID A2128833

Sold Date 05/10/24

Style Bungalow

Bedrooms 1

Full Baths 1

Originating Board Central Alberta

Year Built 1950

Annual Tax Amount $1,422

Tax Year 2023

Lot Size 6,499 Sqft

Acres 0.15

Property Description

This cottage is situated on 2 25ft lots x 130ft deep! Has a detached garage and is zoned for multi unit options like a triplex or even a 4plex if designed right! The property is currently a 1 bedroom property with original hardwood floors in the living room. Comes with newer flooring in the kitchen and 4pc bathroom. As you can see from the photos its a very mature and beautiful lot Just 1.5 blocks from the beach. Currently used as a STR (short term rental) this property gets $200/night in the shoulder season and $240/n in the prime season. Renting for 8 months in the off season fully furnished for $1,100/m not including utilities, or $1,650 all in. Its a great opportunity for an investor, or even a first time owner, take advantage of the STR market in Sylvan Lake or just come for some downtime. There is even room for an RV! Just down the street from our Nexsource Center (community center that has 2 hockey rinks, curling rink, swimming pool and more) and only 3 minute walk to the downtown center, beaches, restaurants and seasonal festivities. Financing for this property cannot be w/5% down and note the zoning does not allow for single family home, or major renovations to the current structure. Allowed to maintain structure but not add on or re-structure it.

Location

Province AB

County Red Deer County

Zoning DC-50

Direction E

Rooms

Basement Crawl Space, None

Interior

Interior Features See Remarks

Heating Baseboard, Electric, Wall Furnace

Cooling None

Flooring Hardwood, Vinyl

Appliance See Remarks

Laundry Main Level

Exterior

Garage Single Garage Detached

Garage Spaces 1.0

Garage Description Single Garage Detached

Fence None

Community Features Fishing, Lake

Roof Type Asphalt Shingle

Porch Patio

Lot Frontage 50.0

Parking Type Single Garage Detached

Total Parking Spaces 1

Building

Lot Description Back Lane, Few Trees, Lawn, Landscaped

Foundation Perimeter Wall, Other

Architectural Style Bungalow

Level or Stories One

Structure Type Mixed,Wood Frame,Wood Siding

Others

Restrictions None Known

Tax ID 84878915

Ownership Private

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Mark & Natalie Neustaedter

Mark & Natalie Neustaedter

+1(403) 585-6908

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by KIC Realty
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